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Pound Weighed By Disappointing Retail Sales

posted by Avatar marius 750 days ago in JPY, GBP, Retail Sales made popular 750 days ago

The pound traded lower during the European session after reaching as high as 1.6283 during Asian trading. Prevailing risk aversion and a less than spectacular U.K. retail sales report helped fuel bullish sentiment. Consumer demand rose 0.3% in December but missed forecasts for 1.1% as sales in non-specialized stores fell 1.0% offsetting a 0.5% gain
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